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20% of which was one seller who sold 292,000 shares. And you had lots of sellers sell this morning after the market opened. Weak hands growing impatient is what it looks like to me.
They pumped it up in August 2017??? And then what? The shorts came out and somehow made a bundle from $.21 to $.15 and covered all of their short positions over the last 8 months lol.
How? The share price has been the same since late Aug. Come on man, you've got to do better than that. 2X the weekly volume today. Is that what your tea leaves told you today???
Got a "feeling" about this one. It looks like a volcano building up more and more magma until it bursts and by the looks of the chart it's ready to burst. In at .153, 22000 shares. $AMFE Long
In with 21,000 shares, no sense splitting hairs over 5 thousandths of a cents. Took my profits from POTN and came over here. GLTA!
Just put in a bid of 21750, we'll see if it hits
Accumulate and hold, accumulate and hold, repeat. I love this stock, I'm sitting on a pile of shares and these prices are rock bottom. I need some money to clear before I buy more. Load up and reap the benefits in 2-4 years. $CBWTF
You dump, someone will be right there to pick them up. Patience. We're in a sideways trading pattern until news. If the audit gets delayed, again, this is going down, if it comes out by the end of Q1 like they said it'll skyrocket and you'll be chasing.
$.38 was the old support, won't go below that. New support looks to be at $.48, bounced from there once already today
Wheaties!! We're moving today. Warrants expiring, up 5% so far today. Could this be the breakout upwards we've been waiting for??
MACD at its closest divergence point in a long time. We could see another intersection signifying a significant leg up coming soon. Will we close green today....? Looking more and more like it.
Been watching it all day, I'm ready ES! And I'm hoping your audit time frame is correct as well. You've been spot on lately.
We need to be 20M+ to see this really move. It'll get there, I don't mind at all how it's trading now.
I agree, major resistance. But I think a support level has developed at $.54. What do you think it'll take to break through at $.62? MM manipulation or revenue news?
Broke through the tiny resistance at $.57 question will be if we can get to $.60-$.62 today. I think this stock has finally found it's actual value. Somewhere in the $.55-$.57 range. Watched it bounce twice once it fell below $.55, looking like a new support level.
Cannabis Wheaton Income Corp. Announces New Joint Venture with Peter Quiring - One of Canada's Largest Greenhouse Builders and Operators to Develop 1.4 Million Square Foot Purpose Built Greenhouse for Cannabis Cultivation
Well said, this stock went from $.06 to $.96, a 1500% gain. That's not normal nor will it ever be normal. It had to pull back, it had to consolidate at lower levels to begin building layers of support. People are looking for a get rich quick pick. That's not how this works. Markets and stocks move in ebbs and flows just as this has, continue to invest in confidence with this company. They've got all the signs of a flourishing business that will only get better with time. $POTN long
So do I. I research the hell out of stocks and potential investments before ever pulling the trigger. I'm more of a risk adverse investor so I don't like having all of my eggs in one basket, this is one basket though I want all of eggs in. I plan on holding this stock until it reaches $20 at a minimum which I think is a conservative number. Once they actually start selling dried cannabis and revenue starts coming in, there's no reason this stock doesn't get to $20 and beyond
Fingers crossed for the both of us and all the other Wheaties! I'm sitting on almost 10,000 shares, bought it when it was sub $1.00 originally and have been buying here and there ever since.
I've been adding as much as I can down here. Hoping it stays around these levels for another 10-14 days so I can accumulate more and more. This is retirement money for all of us in 2-4 years
That's a great question, and raises a flag in my mind. I did a quick google search and it popped right up. Starting to wonder a bit now...
It's in their PR statement from last week.
From the lawsuit: "Contrary to the representations in the audit reports, Paritz’ audits were not conducted in accordance with PCAOB Standards. The Respondents deviated from PCAOB Standards in significant ways that resulted in the issuance of audit reports that contained unqualified opinions that were not supported by sufficient appropriate audit evidence."
They were given a cease and desist order by the SEC. Botched a different company's audit.
Check this out!!! Paritz Co was sued by the SEC in 2014 https://www.sec.gov/litigation/admin/2017/34-81678.pdf
That's my understanding. I've been trying to do as much research as I can on warrant executions. And if it expires then the shares don't go into the float, they essentially just vanish.
The price they paid for the Warrant was $1.20 USD. Anything above equals profit for the warrant holder. Anything below would be a loss. At least that's my understanding
"However, due to factors unrelated to the Company and beyond its control, the audit has been taking longer than projected, such that the Company has now engaged Paritz & Company, PA, Hackensack, N.J., to assist East West Accounting Services and act as lead auditor to bring the audit to a rapid conclusion."
They did not replace the auditor a second auditor was brought in to help finish. There could be a multitude of reasons why that happened.
Here's my take on the warrants: Wheaton wants the price to be closest to $1.20 it can get but just high enough for people who have warrants to still want to execute them. Currently if someone holds a warrant they're making $.07-$.08 on each share. The higher the stock price the more money each warrant holder makes good for the holder, not so good for Wheaton. The closer the stock price to $1.20, the better for Wheaton.
Anything written is my opinion only and not advice to buy or sell a stock.
It's called MARKETING
Read the entire passage Wolfjf...Pursuant to an agreement between MAPH and Potnetwork Holdings, Inc., we were hired for a period of 30 days to publicly disseminate information about POTN, including on the web and other media, including Facebook and Twitter. We are being paid $21,000 (CASH) by Potnetwork Holdings, Inc. via First Capital Ventures, Inc., an affiliate company, for and/or "ZERO" shares of restricted or unrestricted common shares. We own zero shares of (POTN) which we purchased in the open market.
That's an article talking about the project increase in value of the cannabis industry. Furthering the notion to invest more. Nice try though
Yeah I read that too. Nothing that I would think would be worthy of a halt. Guess all we can do is sit back and watch until we get some sort of PR
Looks like we've got some attention somewhere. Current ask of 106,275x $1.35. Anybody able to find anything?
Jrock I know how to read financials, audited or not. Bachelor's and Master's degrees in finance. There's nothing in there that scares me and in fact makes me believe this stock is grossly undervalued based on their reporting from 16 to 17. Revenues are up, cash on hand increasing, balance sheet looks good for a company in its infancy. No debt as most companies this young have, and they're turning a profit. Not sure what it tells you.
Anything I write is opinion based only, never an admission to buy or sell a stock.
Locked in my shares at $10.00 :)
Hopefully it's something good. The bid and asks are the highest I've seen in a couple weeks. Something is garnering the interest. I was really hoping to buy more around the $1.30 mark. Now we're all in a wait and see mode.
I'm not sure. Looking at my streaming quotes, everything looks halted right now. Not sure if it just isn't updating. I'm using Etrade